Royaloak Furniture India LLP filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company stated that it could not revive its business due to financial stress and the impact of lockdown imposed by the Government from March 2020. The company has defaulted on payments to its operational and financial creditors since December 2019. The Board of Directors convened a meeting on 31.08.2020 and resolved to make an application under Section 10 of the IBC, 2016.
Royaloak Furniture India LLP, a Limited Liability Partnership Firm incorporated on 30.03.2010, filed an application under Section 10 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company's registered office is located in Bengaluru. The company is in the business of dealing in all kinds of furniture, fittings, timber, wooden products, plywood, and teak wood. The company stated that it could not revive its business due to financial stress and the impact of lockdown imposed by the Government from March 2020. The company has defaulted on payments to its operational and financial creditors since December 2019, with a total default amount of Rs.3,35,52,636/-. The company's financial statements show losses for the years ending
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Royaloak Furniture India…
Royaloak Furniture India LLP defaulted on…
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Royaloak Furniture India LLP filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company stated that it could not revive its business due to financial stress and the impact of lockdown imposed by the Government from March 2020. The company has defaulted on payments to its operational and financial creditors since December 2019. The Board of Directors convened a meeting on 31.08.2020 and resolved to make an application under Section 10 of the IBC, 2016.
Royaloak Furniture India LLP, a Limited Liability Partnership Firm incorporated on 30.03.2010, filed an application under Section 10 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company's registered office is located in Bengaluru. The company is in the business of dealing in all kinds of furniture, fittings, timber, wooden products, plywood, and teak wood. The company stated that it could not revive its business due to financial stress and the impact of lockdown imposed by the Government from March 2020. The company has defaulted on payments to its operational and financial creditors since December 2019, with a total default amount of Rs.3,35,52,636/-. The company's financial statements show losses for the years ending
…Royaloak Furniture India…
Royaloak Furniture India LLP defaulted on…
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